Life Assurance provides you with a lump sum payment in the event of your death.
It is usually taken out to cover your liabilities such as your mortgage and protect your family home for your surviving partner and dependents. Many providers of life assurance include terminal illness cover within their policies. This allows a lump sum payment prior to your death should you be diagnosed with a terminal illness, allowing you to make the most of your remaining time and settle any financial matters of your estate.
As improvements in medicine extend our life expectancy it is no surprise to see that the cost of life assurance continues to fall. A review of your existing arrangements could significantly enhance the level or term of your cover without increasing your current premiums.